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Wag Group Co develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent Pet Caregivers to connect with pet parents. The platform allows pet parents to make pet service requests in the platform, which can then be fulfilled by Pet Caregivers. Wag supports dog walking, pet sitting, pet boarding, drop-in visits at the pet parent's home, advice from licensed pet experts, training services, pet insurance comparison tools, and pet wellness plans.

Wag Group Co

Ontario Premier Doug Ford is preparing to take a tough stance against the U.S., threatening economic retaliation if President Donald Trump <a href="https://www.benzinga.com/news/25/01/42938083/justin-trudeau-says-canada-is-ready-to-respond-with-tariffs-as-necessary-amid-potential-trump-trade-war" target="_blank" rel="noreferrer noopener">targets Canada in a trade conflict</a>.
Ford has outlined a series of retaliatory measures, including cutting power transmission to U.S. homes and businesses and removing U.S. liquor from Ontario shelves, Politico <a href="https://www.politico.com/news/magazine/2025/01/25/doug-ford-trump-trade-resistance-00200457" target="_blank" rel="noreferrer noopener">reports</a>.
He has made it clear that his strategy is to retaliate strongly, expressing that he would respond even more forcefully if provoked.
Ford, a self-described &#8220;street fighter&#8221; in politics, is known for his combative style, and his rhetoric has drawn comparisons to Trump&#8217;s brash approach to leadership.
In fact, Ford believes that he and Trump would get along, noting their shared blue-collar, anti-elite political base. Ford often refers to his supporters as &#8220;Ford Nation,&#8221; a movement he claims predates Trump&#8217;s &#8220;Make America Great Again&#8221; slogan.
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Ford&#8217;s approach stands in stark contrast to many world leaders who seek to curry favor with Trump through flattery.
Instead, he is pursuing a confrontational strategy, believing that Trump will respect grit and bluntness over traditional diplomatic gestures. 
Ford is confident that he understands Trump better than most of his political counterparts, and while he hopes to avoid escalating a trade war, he remains firm in his resolve to fight back against what he views as irrational U.S. policies. This strategy is risky, Politico adds.
If Ford misjudges Trump&#8217;s response, he could inadvertently escalate tensions, hurting both the Canadian economy and his own political standing.
Despite his tough talk, Ford insists that his ultimate goal is to work with the U.S. and maintain a strong relationship, as he repeatedly emphasized his admiration for the U.S. and its people.
In the context of Canadian politics, Ford represents a significant shift from the previous leadership of Prime Minister Justin Trudeau, whose progressive stance made him a favorite among American Democrats, the report read.
With Trudeau&#8217;s popularity waning, Ford is emerging as a more populist figure, aligning himself with Trump&#8217;s politics and positioning himself as a defender of working-class interests in Canada&#8217;s most populous province.
Ford&#8217;s strategy is also rooted in local politics. As he prepares to call a snap election, Ford sees an opportunity to strengthen his position by aligning himself with the conservative ideals that resonate with voters in Ontario.
His tough stance on U.S.-Canada relations is a key part of this strategy, and it&#8217;s clear that Ford believes this confrontational approach will resonate with his base.
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Doug Ford Takes on Trump: Ontario Premier Threatens Swift Retaliation in Trade War

Donald Trump&#8217;s team plans to launch America&#8217;s largest deportation operation in decades, targeting at least one million undocumented immigrants in his first year back in office.
&#8220;We&#8217;ll get National Guard and we&#8217;ll go as far as I&#8217;m allowed to go, according to the laws of our country,&#8221; Trump told Time Magazine in December. &#8220;Whatever it takes to get them out.&#8221;
The Department of Homeland Security estimates that 11 million unauthorized migrants lived in America in 2022, according to data cited by The Economist. Oxford Economics puts the current number above 13 million, with most living in California, Texas, Florida and New York.
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Trump has tapped immigration hard-liners for key posts. Stephen Miller, set to become deputy chief of staff, backs rapid deportations. &#8220;As God is my witness, you are going to see millions of people rapidly removed from this country who have no right to be here,&#8221; Miller said last year.
Former Immigration and Customs Enforcement chief Tom Homan will return as border czar. While Homan backed tough measures like family separations during Trump&#8217;s first term, officials who worked with him say he understands federal limitations.
The administration faces major hurdles. Immigration courts already have a 3.7-million-case backlog, with average wait times of nearly three years. Transportation poses another challenge – only Canadians and Mexicans can be driven across borders. Other deportations require flights costing about $17,000 per hour.
The American Immigration Council estimates that removing <a href="https://www.benzinga.com/startups/25/01/42881696/trumps-immigration-plan-faces-multi-billion-dollar-hurdles-and-delays-according-to-wsj">one million people yearly would cost $88 billion – </a>nearly triple the 2024 budgets of U.S. Immigration and Customs Enforcement and Customs and Border Protection.
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Local resistance could slow efforts. Many Democratic-led cities refuse to help federal agents catch undocumented residents. Denver Mayor Mike Johnston typified the stance: &#8220;We&#8217;ll partner on [deporting] violent criminals, but what we don&#8217;t want to see is the 101st Airborne be sent into Denver to pull a seventh-grade girl out of history class.&#8221;
Trump may try forcing cooperation by threatening to cut federal funding. His team also floated using military bases as detention centers and building tent camps in Texas.
The <a href="https://www.benzinga.com/news/25/01/43007217/a-crucial-ingredient-for-production-what-mass-deportations-could-cost-america">push faces economic risks</a> as unauthorized immigrants make up nearly 5% of America&#8217;s workforce, according to a 2020 Pew Research report. Industries like meatpacking already worry about labor shortages under tougher enforcement.
While 56% of registered voters backed mass deportations in recent polling, 58% supported letting unauthorized immigrants married to U.S. citizens stay, pointing to public ambivalence about aggressive removal tactics.
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'We'll Go As Far As I'm Allowed': Trump's Plan With Immigrants Starts With 1 Million Deportations

A cryptocurrency trader has managed to bag a 6,208% profit in a mere four days, trading Melania Trump&#8216;s official meme coin MELANIA (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MELANIA</a>).
What Happened: According to the blockchain tracking firm Lookonchain, the trader bought 5.2 million MELANIA coins at $0.13 each, immediately after the digital asset was launched last week, a day before Donald Trump&#8216;s presidential inauguration.
Four days after the purchase, the trader sold all his MELANIA tokens, realizing a 6,208% profit on his initial investment of $688,000. This translated to a whopping $42.7 million profit.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This guy has sold all $MELANIA, making a total profit of $42.7M(62x)! He spent 2,500 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($688K) to buy 5.2M $MELANIA at $0.13, and sold all of them at an average price of $8.34 for $43.4M, making a profit of $42.7M, a 62x return!<a href="https://t.co/UFCfTsAwT3">https://t.co/UFCfTsAwT3</a> <a href="https://t.co/EJhcfVI9H5">pic.twitter.com/EJhcfVI9H5</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1882362373824184509?ref_src=twsrc%5Etfw">January 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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&#8220;This&nbsp;guy has sold all MELANIA,&nbsp;making a total profit of&nbsp;$42.7 million (62x)! He spent&nbsp;2,500 SOL ($688,000) to buy&nbsp;5.2 million MELANIA at $0.13,&nbsp;and sold all of them&nbsp;at an average price of&nbsp;$8.34 for $43.4 million, making&nbsp;a profit of $42.7 million,&nbsp;a 62x return!&#8221; Lookonchain was quoted saying.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43076559/donald-trumps-meme-coin-trump-rallies-103-in-a-day-creates-billions-out-of-thin-air">Donald Trump&#8217;s Meme Coin &#8216;TRUMP&#8217; Rallies 103% in a Day, Creates Billions Out of Thin Air</a>
Lookonchain also highlighted another trader who made significant gains as&nbsp;an early investor in MELANIA.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This guy made an incredible $66M+ on $MELANIA in just 4 hours! <a href="https://twitter.com/hashtag/MELANIA?src=hash&amp;ref_src=twsrc%5Etfw">#MELANIA</a> 4 hours ago, this guy spent 2,500 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($688K) to buy 5.02M $MELANIA, then sold 203K $MELANIA for 2.14M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a>, leaving 5M $MELANIA, worth $64.9M!<a href="https://t.co/nKKEPDbqVi">https://t.co/nKKEPDbqVi</a> <a href="https://t.co/Wu2czpLbab">pic.twitter.com/Wu2czpLbab</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1881145794809700766?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The MELANIA meme coin was launched by First Lady Melania Trump&nbsp;a day after then President-elect&nbsp;Trump had launched his own meme coin. 
At the time of writing,&nbsp;MELANIA is trading for $2.76,&nbsp;down 19.5% in the last&nbsp;24 hours. The Solana (SOL)-based&nbsp;meme coin has a market cap&nbsp;of $413.8 million, making it&nbsp;the 227th largest crypto project.&nbsp;
This event underscores the volatile and high-risk, high-reward nature of the cryptocurrency market, particularly with new coin launches.
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$MELANIA

Here's How One Trader Netted 6,208% Profit in Just Four Days With MELANIA Meme Coin

American Airlines' retirement plan management is under scrutiny after a recent ruling by a federal judge. The ruling has sparked debates over the role of environmental, social and governance (ESG) factors in <a href="https://www.benzinga.com/startups/24/12/42713616/openais-big-holiday-payday-how-400-employees-could-walk-away-with-10-million-each">employee investments</a>. This landmark decision has fueled broader discussions about fiduciary responsibilities and the boundaries of socially conscious investing in corporate retirement plans.&nbsp;
The lawsuit, initially filed by American Airlines pilot Bryan Spence in 2023, alleged that the company violated the Employee Retirement Income Security Act (ERISA) by putting ESG goals above the financial returns in its employees' 401(k) plans. Spence represented more than 100,000 participants in a class-action lawsuit.&nbsp;
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U.S. District Judge Reed O'Connor ruled that <a href="https://www.benzinga.com/news/guidance/24/12/42345395/american-airlines-partners-with-citi-issues-strong-profit-outlook">American Airlines</a> breached its duty of loyalty to plan participants "by failing to keep American's corporate interests separate from their fiduciary responsibilities, resulting in impermissible cross-pollination of interests and influence on the management of the Plan," according to ESG Dive.
O'Connor stated that the airline's relationship with its asset manager BlackRock created a conflict of interest. Reuters reports that BlackRock, known for its ESG advocacy, managed passive index funds for the airline's plan.
Despite these findings, the judge noted that American Airlines' practices met or exceeded industry standards and its processes did not violate its duty of prudence. Damages in the case remain undecided as the court evaluates potential <a href="https://www.benzinga.com/news/legal/25/01/42935707/financial-crime-weekly-doj-sues-6-of-the-nations-largest-landlords-man-pleads-guilty-to-9-4-million-crypto-scheme">financial harm</a> to plan participants.
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The decision has drawn mixed reactions from legal and investment experts. While some view it as a necessary check on corporations mixing social priorities with fiduciary obligations, others worry it sets a low bar for similar lawsuits.
Andy Poreda, a senior research analyst at Sage Advisory, criticized the ruling, arguing that ESG considerations often align with sound financial strategies. For instance, he told ESG Dive that BlackRock does not universally endorse ESG initiatives but evaluates them based on their potential financial impact.
"If you look at Blackrock's voting record in 2021, they weren't voting ‘yes' to every ESG-related issue," Poreda said. "They were picking and choosing which ones they thought were a value add and you have others that voted in concert with them."
American Airlines has never offered ESG-focused investments in its 401(k) plan. A company spokesperson emailed a statement to ESG Dive stating that the oversight of BlackRock's proxy voting aligns with best practices and emphasized their commitment to responsibly managing employees' retirement savings.
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The ruling comes amid a growing backlash against ESG investing, particularly from conservative lawmakers and advocacy groups. The Biden administration&#8217;s 2023 rule permitting ESG factors as &#8220;tiebreakers&#8221; in investment decisions has faced legal challenges, while some states and companies have actively opposed ESG-aligned policies.
This case also underscores corporations&#8217; <a href="https://www.benzinga.com/25/01/42922916/united-parcel-navigates-shifting-parcel-strategies-as-surepost-contract-ends-while-ground-economy-gains-momentum-for-fedex">challenges </a>in balancing socially conscious goals with fiduciary duties. As ESG investing polarizes opinions, companies may face heightened scrutiny over their retirement plan management.
For now, American Airlines must await further court decisions regarding potential damages. Meanwhile, the ruling could serve as a precedent for similar lawsuits, potentially reshaping how companies approach ESG factors in employee retirement plans.
As these debates unfold, employees and plan participants should stay informed about managing their <a href="https://www.benzinga.com/personal-finance/25/01/42988489/im-watching-my-retirement-savings-erode-away-61-year-old-panics-over-his-investments-but-dave-ramsey-tells-him-shut-up-and-invest">retirement funds</a> and seek professional advice to ensure their investments align with their financial goals.
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Personal Finance

American Airlines Faces Backlash For ESG Investments In Employee 401(k) Plans

The U.S. government&#8217;s foreign assistance programs face an unprecedented freeze, which may <a href="https://www.benzinga.com/content/43098832/3-stocks-to-gain-from-donald-trumps-external-revenue-service" target="_blank" rel="noreferrer noopener">put millions of lives at risk worldwide</a>.
New Secretary of State Marco Rubio issued a sweeping order on Friday to freeze new funding for most U.S. foreign aid, <a href="https://www.cnbc.com/2025/01/25/state-department-freezes-new-funding-for-nearly-all-us-aid-programs-worldwide.html" target="_blank" rel="noreferrer noopener">reports</a> CNBC.
However, there are exceptions for emergency food aid and military assistance to Israel and Egypt. This move impacts billions of dollars in foreign aid programs.
The freeze, following an executive order signed earlier in the week by President Donald Trump, will temporarily suspend billions of dollars in U.S. funding for critical programs aimed at supporting health, education, development, job training, and anti-corruption efforts globally.
It also impacts U.S. security assistance to allies and humanitarian relief, including life-saving health initiatives such as HIV/AIDS programs.
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The order, sent to U.S. embassies worldwide by Secretary Rubio, comes as a response to Trump&#8217;s pledge to limit foreign aid. However, it has drawn sharp criticism from humanitarian organizations, who warn that the freeze could have catastrophic consequences for vulnerable populations.
Among the most affected programs is the President&#8217;s Emergency Plan for AIDS Relief (PEPFAR), a globally recognized initiative that has saved 25 million lives, including 5.5 million children, since its inception in 2003, CNBC adds.
While emergency food programs, such as those helping millions in famine-stricken Sudan, are exempt from the freeze, health programs like immunization efforts and maternal care are not.
This has led many aid organizations to immediately halt their operations, unsure of how to proceed without funding.
In response, Abby Maxman, head of Oxfam America, called the move &#8220;devastating,&#8221; emphasizing the &#8220;life or death consequences&#8221; for children and families in crisis, the report adds. She also criticized the administration&#8217;s abandonment of a longstanding bipartisan approach to foreign assistance, which prioritizes need over politics.
The freeze is a part of the broader effort by Republicans, led by Rep. Brian Mast, to scrutinize U.S. foreign aid, ensuring that it aligns with the administration&#8217;s policy goals and cuts what they view as unnecessary spending.
As the freeze is enforced, the future of U.S. foreign assistance will be reviewed, with an official report expected within three months.
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Movers

State Department Freezes Billions in Foreign Aid: Will Trump's Action Save Money or Cost Lives?

A luxurious Palm Beach estate for $14.95 million comes with a unique perk – guest access to the renowned Mar-a-Lago Club.
Located just one street away from<a href="https://www.benzinga.com/real-estate/24/05/38967579/palm-beach-mansion-sells-for-152-million-pioneering-new-luxury-asset-class"> Mar-a-Lago</a> itself and adjacent to the home of<a href="https://www.benzinga.com/markets/24/10/41525355/as-candidates-promise-more-homes-trumps-deportation-plan-raises-red-flags-for-construction-industry"> President Donald Trump</a>'s sister Elizabeth Trump Grau, the residence at 129 Woodbridge Road provides a rare opportunity to experience the famed club, according to the New York Post.
As reported by the Palm Beach Daily News, all homeowners on Woodbridge Road are eligible for guest privileges at Mar-a-Lago. However, access requires a successful interview and the payment of annual dues, which average $22,750 plus applicable taxes. Homeowners do not have to pay the hefty initiation fee, which can reportedly reach $1 million.
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The residence is across from two single-family homes acquired in 2017 by DTW Venture LLC and DT Venture 1LLC, entities sharing the Trump Organization's mailing address. An oceanfront residence just around the corner, purchased in 2018, also has ties to the Trump Organization.
The seller is a trust associated with the late George J. Buff III. The trust originally purchased the home in 2013 for $2.25 million. Last year, it was listed for $15.75 million but was temporarily withdrawn from the market for a rental period. The property was relisted on Jan. 15.
"Raising a family here, alongside my father and my son, has been an incredible journey. As life has evolved – my father's passing and my son forging his own path – we feel it's time to pass this special home to someone who will appreciate the community and lifestyle we've loved so much," George J. Buff IV told the New York Post.
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Woodbridge Road is the only street on the island with a special "declaration of use" agreement granting residents guest access to Mar-a-Lago. The agreement, established in 1993 between Trump and the town, allows homeowners to enjoy Mar-a-Lago's amenities, albeit with limitations and fees.
The street has become closely associated with Mar-a-Lago, with many homes owned or rented by people connected to Trump and the club, including family members, guests, staff and members of the U.S. Secret Service.
Woodbridge Road is within a security zone closed to through traffic during Trump's visits to Mar-a-Lago, the former private residence of cereal heiress Marjorie Post.
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The two-story midcentury modern home has five bedrooms, six bathrooms and hurricane-impact windows. The spacious floor plan includes a large foyer, a living room and pocket sliding doors that open to a patio overlooking the pool. The main suite is on the first floor, with an additional one on the second floor.
A one-bedroom, two-bathroom guesthouse also offers pool views.
Ashley McIntosh and Kendall Corso of Douglas Elliman list the property.
Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today.<a href="https://smartasset.com/retirement/find-a-financial-planner?utm_source=benzinga&amp;utm_campaign=ben&amp;utm_content=y2_5MilNestEgg"> SmartAsset&#8217;s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost</a> to decide which one is right for you.
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The changing interest rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified <a href="https://www.benzinga.com/money/benzingas-favorite-high-yield-investments">some of the most attractive options for you to consider</a>.&nbsp;
For instance, the <a href="https://www.benzinga.com/go/equitymultiple-yf">Ascent Income Fund</a> from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000. <a href="https://www.benzinga.com/go/equitymultiple-yf">Benzinga Readers: Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only)</a>.
Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. <a href="https://www.benzinga.com/money/benzingas-favorite-high-yield-investments">Check out Benzinga's favorite high-yield offerings.</a> &nbsp;

Real Estate

Presidential Perks – $14.95M Palm Beach Home Offers VIP Access To Mar-a-Lago

President Donald Trump launched Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) based meme coin TRUMP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) shortly before his <a href="https://www.benzinga.com/general/entertainment/25/01/43139381/how-many-people-watched-donald-trumps-2025-inauguration-spoiler-less-than-biden-four-years-ago">inauguration on Jan. 20.</a>
A new Benzinga poll predicts which notable figure will be the first to publicly disclose they bought some Trump coin.
What Happened: The surprise launch of <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43140514/what-comes-next-after-donald-trumps-meme-coin-launch">the Trump coin </a>took the cryptocurrency and investing worlds by storm as social media users questioned the legitimacy of posts from Trump's accounts.
Posts made on X and Truth Social announced the official launch of the Trump coin, with some users believing the incoming president of the United States had been hacked.
Instead, the launch was done before Trump officially became president and he has confirmed his involvement while remaining mostly silent since taking office as president.
A large portion of the coin's supply is controlled by Trump-affiliated companies, but retail investors also bought up supply of the coin.
Benzinga recently asked which famous person connected with Trump will be the first to disclose that they own a Trump coin.
"Who do you think is most likely to buy the Trump meme coin?" Benzinga asked.
The results were:
<ul>
<li>Elon Musk: 61%</li>
<li>Marjorie Taylor Greene: 20%</li>
<li>Joe Rogan: 9%</li>
<li>Tucker Carlson: 7%</li>
<li>Ron DeSantis: 3%</li>
</ul>
The poll found an overwhelming majority select Musk as the most likely purchaser. Musk is one of Trump's closest allies in recent months, and a public disclosure that he owns Trump&#8217;s coin likely wouldn't come as a surprise.
Also adding to the likelihood is Musk's past disclosures <a href="https://www.benzinga.com/general/education/25/01/42794433/if-you-invested-1000-in-dogecoin-when-elon-musk-acquired-twitter-heres-how-much-youd-have-now">of owning meme coin </a>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and seeming to support meme coin Pepe coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) with memes and posts on X.
Musk's past comments and memes about Dogecoin and Pepe coin have led to spikes in the cryptocurrency prices, which could mean a public disclosure of owning Trump coin could see the same result.
Ranking second in the poll was Representative Greene (R-Ga.), who is a known Trump supporter. Greene would have to publicly disclose her purchase within 45 days based on the STOCK Act.
Rogan and Carlson would not be required to publicly disclose owning Trump coin, but they could choose to do so given their audiences on podcasts or based on guests that they are interviewing. DeSantis has to disclose his investments periodically as the governor of Florida.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent012225">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Trump coin hit an all-time high of $75.35 on Jan. 19 and has fallen since. The coin has traded between $32.05 and $37.14 over the last 24 hours and between $6.24 and $75.35 since launching.
Some investors may remember Greene being one of the first members of Congress to publicly disclose that they owned shares of Digital World Acquisition Corporation, the SPAC that announced a merger with Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) back in October 2021.
Greene <a href="https://www.benzinga.com/m-a/21/10/23650451/the-congress-member-who-bought-shares-of-trumps-spac-probably-wont-surprise-you">disclosed her purchase</a> on Oct. 26, saying she bought $15,000 to $50,000 worth of DWAC shares. The companies have since merged and now trade as Trump Media &amp; Technology Group. Greene has not disclosed a sale of her stock, which means she still<a href="https://www.benzinga.com/government/24/09/41031499/marjorie-taylor-greene-stays-loyal-to-trump-keeps-djt-stock-buys-into-warren-buffetts-berkshire-in-l"> owns her stake.</a>
The stock traded between $67.96 and $118.80 on Oct. 22, the date of Greene's purchase. One investor pinned Greene's purchase price to $94.20 per share.
With Trump Media &amp; Technology currently trading at $32.41, Greene&#8217;s investment has declined in value.
For members of Congress, buying Trump coin and later publicly disclosing it could be a power move to show allegiance to the new president, similar to why Greene may have bought DWAC shares previously.
Another potential Trump coin buyer could be Mike Collins (R-Ga.), who has <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42778468/congressman-buys-more-ski-mask-dog-coin-will-meme-coin-hit-new-all-time-highs-on-latest-disclosure">disclosed the purchase</a> of the small meme coin Ski Mask Dog coin on two separate occasions.
Follow the<a href="https://www.benzinga.com/gov-trades"> Benzinga Government Trades page</a> to see disclosures of stocks, options and cryptocurrencies bought by members of Congress.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42860759/10-best-stock-traders-in-congress-in-2024-where-do-nancy-pelosi-pete-sessions-susan-collins-marjorie-taylor-greene-rank">Top 10 Stock Traders In Congress For 2024: How Nancy Pelosi, Pete Sessions, Susan Collins, Marjorie Taylor Greene Rank</a></li>
</ul>
The study was conducted by Benzinga from Jan. 21, 2025 through Jan. 22, 2025. It included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 128 adults.
Photo: Shutterstock

Exclusives

$DOGE

$PEPE

$SOL

$TRUMP

DWAC

Elon Musk, Tucker Carlson, Ron DeSantis, Joe Rogan Or Marjorie Taylor Greene: Who's Most Likely To Buy Trump Coin?

President&nbsp;Donald Trump&nbsp;on Monday revoked former President&nbsp;Joe Biden's&nbsp;comprehensive executive order on artificial intelligence as part of <a target="_blank" href="https://www.benzinga.com/news/large-cap/25/01/43106379/trump-reverses-bidens-ai-policies-on-day-1-what-it-means-for-tech-giants-nvidia-amd-alphabet" rel="noreferrer noopener">his&nbsp;first actions in office</a>.&nbsp;
Biden&#8217;s AI executive order mandated that developers of AI systems posing threats to national security or public safety report the results of safety tests to the U.S. government and tasked the National Institute of Standards and Technology to develop standards for safety testing.
Sam Altman, CEO of&nbsp;OpenAI, has publicly expressed his support for President&nbsp;Donald Trump.&nbsp;This revelation comes years after he praised LinkedIn co-founder&nbsp;Reid Hoffman&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/43153571/openais-sam-altman-flip-flops-on-trump-as-500-billion-stargate-ai-project-is-announced-years-after-praising-reid-hoffman-for-stopping-his-re-election" rel="noreferrer noopener">for stopping his re-election</a>.
Gaming
Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) reported preliminary financial results&nbsp;for the third quarter, now projecting a mid-single-digit decline in live services net bookings largely due to a <a target="_blank" href="https://www.benzinga.com/general/gaming/25/01/43146917/electronic-arts-stock-is-sliding-after-the-close-whats-going-on" rel="noreferrer noopener">slowdown in Global Football</a>.
EA now expects revenue of $1.883 billion versus estimates of $2.507 billion, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company anticipates third-quarter earnings of $1.11 per share, <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">in line with analyst estimates</a>.
Social Media
Meta Platforms, Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Instagram&nbsp;announced a new video creation app called ‘Edits' <a target="_blank" href="https://www.benzinga.com/25/01/43078310/mark-zuckerbergs-instagram-doubles-down-on-tiktok-rivalry-with-new-edits-app-to-lure-creators-as-the-potential-shutdown-sparks-alternatives" rel="noreferrer noopener">to attract&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/43078310/mark-zuckerbergs-instagram-doubles-down-on-tiktok-rivalry-with-new-edits-app-to-lure-creators-as-the-potential-shutdown-sparks-alternatives" rel="noreferrer noopener">TikTok</a><a target="_blank" href="https://www.benzinga.com/25/01/43078310/mark-zuckerbergs-instagram-doubles-down-on-tiktok-rivalry-with-new-edits-app-to-lure-creators-as-the-potential-shutdown-sparks-alternatives" rel="noreferrer noopener">&nbsp;users</a>.
Jeff Bezos-backed&nbsp;Perplexity&nbsp;reportedly bid to merge with&nbsp;TikTok&nbsp;U.S. on Saturday, but&nbsp;Wedbush&nbsp;analyst&nbsp;Dan Ives&nbsp;hinted&nbsp;Elon Musk's X&nbsp;could ultimately&nbsp;seal <a href="https://www.benzinga.com/general/social-media/25/01/43078206/jeff-bezos-backed-perplexity-reportedly-makes-50-billion-move-to-merge-with-tiktok-but-elon-musks-x-remains-this-analysts-favorite-bidder" target="_blank" rel="noreferrer noopener">the deal&nbsp;amid rising speculation</a>.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bull&nbsp;Ross Gerber&nbsp;has&nbsp;voiced doubts&nbsp;about the effectiveness of an executive order in overriding existing <a target="_blank" href="https://www.benzinga.com/general/social-media/25/01/43078675/tesla-bull-ross-gerber-says-trumps-executive-order-cant-override-law-in-tiktok-ban-fight" rel="noreferrer noopener">laws concerning the&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/01/43078675/tesla-bull-ross-gerber-says-trumps-executive-order-cant-override-law-in-tiktok-ban-fight" rel="noreferrer noopener">TikTok</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/01/43078675/tesla-bull-ross-gerber-says-trumps-executive-order-cant-override-law-in-tiktok-ban-fight" rel="noreferrer noopener">&nbsp;ban</a>.
Read: <a target="_blank" href="https://www.benzinga.com/25/01/43152718/tesla-to-have-a-choppy-first-half-owing-to-new-ev-policies-deliveries-and-margins-however-this-analyst-expect-over-20-upside-from-current-level-with-a-500-target-price" rel="noreferrer noopener">Tesla Set For A &#8216;Choppy&#8217; First Half Amid New EV Policies, But This Analyst Sees 20% Upside For Elon Musk&#8217;s EV Company With A $500 Price Target</a>
Billionaire investor&nbsp;Bill Ackman&nbsp;has expressed his admiration for&nbsp;Elon Musk's X, formerly&nbsp;Twitter, while voicing concerns <a target="_blank" href="https://www.benzinga.com/tech/25/01/43079998/bill-ackman-praises-elon-musks-x-but-raises-concerns-about-tiktoks-harmful-influence-on-society-put-aside-the-china-issues-i-do-think-its-not-been-a-healthy-thing" rel="noreferrer noopener">about TikTok's influence on society</a>.
Read: <a target="_blank" href="https://www.benzinga.com/tech/25/01/43078570/mrbeast-unhappy-with-billionaires-silence-on-feeding-the-hungry-after-overwhelming-interest-about-tiktok-purchase-when-i-fundraise-its-crickets" rel="noreferrer noopener">MrBeast Unhappy With Billionaires&#8217; Silence On Feeding The Hungry After Overwhelming Interest About TikTok Purchase: &#8216;When I Fundraise It&#8217;s Crickets&#8217;</a>
LinkedIn, owned by&nbsp;Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>),&nbsp;has been accused by Premium users of sharing private data for AI model <a target="_blank" href="https://www.benzinga.com/25/01/43152356/linkedin-hit-with-lawsuit-for-violating-user-privacy-allegedly-sharing-private-data-for-ai-model-training" rel="noreferrer noopener">training without their consent</a>.
Microsoft&nbsp;CEO Satya Nadella addressed&nbsp;Elon Musk's&nbsp;skepticism about the ambitious Project Stargate&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/43152627/microsoft-ceo-satya-nadella-stands-firm-after-elon-musk-questions-stargates-100-billion-funding-potential-all-i-know-is-im-good-for-my-80-billion" rel="noreferrer noopener">$100 billion funding potential</a>.
Smartphones &amp; Technology
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly bringing its AI smarts to the&nbsp;Mac's Mail&nbsp;app with <a target="_blank" href="https://www.benzinga.com/25/01/43080333/apples-making-your-macs-mail-much-smarter-heres-whats-coming" rel="noreferrer noopener">the upcoming&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/43080333/apples-making-your-macs-mail-much-smarter-heres-whats-coming" rel="noreferrer noopener">macOS 15.4</a><a target="_blank" href="https://www.benzinga.com/25/01/43080333/apples-making-your-macs-mail-much-smarter-heres-whats-coming" rel="noreferrer noopener">&nbsp;update</a>.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43097512/apples-ai-advances-cant-offset-chinese-market-slowdown-says-analyst" rel="noreferrer noopener">Apple&#8217;s AI Advances Can&#8217;t Offset Chinese Market Slowdown, Says Analyst</a>
Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) and Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google have decided to collaborate for developing <a href="https://www.benzinga.com/25/01/43151196/samsung-google-team-up-to-develop-ar-glasses-entering-the-race-against-meta-and-apple" target="_blank" rel="noreferrer noopener">augmented reality glasses</a>.
Image: Shutterstock

Large Cap

Tech

AAPL

GOOG

GOOGL

MSFT

SSNLF

TSLA

Consumer Tech News (Jan 20-Jan 24): Trump Revokes Biden's AI Policies, Meta Launches New 'Edits' App To Lure TikTok Users & More

In a world where retirement feels increasingly like a mirage on the horizon, Larry Fink, CEO of BlackRock, calls for a hard reset on how we think about retirement.&nbsp;
His message? It's time to rethink the traditional retirement age of 65 – a concept he labels "crazy" given its ancient origins and the challenges facing Social Security and retirement savings in America.
The 65-Year Retirement Age: An Outdated Relic
"No one should have to work longer than they want to," Fink wrote in a recent letter. "But I do think it's a bit crazy that our anchor idea for the right retirement age – 65 years old – originates from the time of the Ottoman Empire."
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a> </li>
</ul>
This blunt critique points to a simple truth: the retirement age, established in the early 20th century, no longer fits modern realities. Back then, life expectancy was much shorter – many workers didn't even live long enough to <a href="https://www.benzinga.com/personal-finance/24/12/42726864/dave-ramsey-thinks-social-security-is-a-mathematical-disaster-but-still-says-it-makes-more-sense-to-take-it-at-62-almost-every-time">see their retirement benefits</a>.&nbsp;
Fast forward to today and the script has flipped. <a href="https://www.benzinga.com/personal-finance/25/01/43034131/global-lifespans-are-rising-should-your-retirement-age-rise-too-what-it-means-for-workers-in-the-u-s-and-beyond">Americans are living longer</a>, which Fink calls "a wonderful thing," but this longevity is straining a retirement system that wasn't designed for decades-long retirements.
The Retirement Crisis and Social Security's Uncertain Future
A key piece of the puzzle is the looming Social Security funding shortfall. According to Fink, the program's Old Age and Survivors Insurance Trust Fund is expected to run out of money within the next decade. Once that happens, Social Security will rely solely on payroll taxes, which only cover about 79% of promised benefits, according to the National Association of Plan Advisors.&nbsp;
Baby boomers contributed to Social Security for decades, helping build up a surplus. But now, as millions of them retire, those reserves are dwindling. Meanwhile, millennials and Gen Z are left staring at an increasingly shaky safety net.
Trending: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
Fink pulls no punches in his assessment of the baby boomer generation's role in this crisis: "They believe my generation – the baby boomers – have focused on their own financial well-being to the detriment of who comes next. And in the case of retirement, they're right."
Working Longer as a Solution
Fink isn't alone in suggesting that working longer could solve the retirement crisis. Republican lawmakers and even former presidential candidate Nikki Haley have floated similar ideas. Fink argues that working beyond 65 could help individuals save more, grow their Social Security benefits and ease the strain on the system.
"As a nation, we should do everything we can to make retirement investing more automatic for workers," he wrote, adding that employers need to step up to make retirement plans, like 401(k)s, more attractive and accessible to younger employees.
However, Fink acknowledges that working longer isn't an option for everyone. Health issues, job loss and age discrimination often force Americans to retire earlier than planned. A 2022 AARP survey found that most workers over 50 face ageism in the workplace and the median retirement age in the U.S. is just 62.
See Also: The average 401(k) balance soars to a record-breaking high – <a href="https://www.benzinga.com/money/average-401k-balances-soars-to-record-high">Here's how to know if your nest egg is keeping pace.</a>
A Call for Generational Accountability
Fink believes his generation is responsible for addressing these systemic issues before passing the torch. "Before my <a href="https://www.benzinga.com/personal-finance/24/09/40987007/baby-boomers-are-the-richest-generation-ever-but-being-pretty-stingy-with-their-money-and-younge">generation fully disappears</a> from positions of corporate and political leadership, we have an obligation to change that," he wrote.
He warns that if the retirement crisis isn't addressed, it will erode not just financial security but the collective faith Americans have in the country's future. "We risk becoming a country where people keep their money under the mattress and their dreams bottled up in their bedroom," he noted.
Whether you agree with him or not, his point about the traditional retirement age of 65 being rooted in an outdated era is worth considering. With Social Security's future uncertain and many Americans finding it tough to save enough, it's clear that our approach to retirement could use fresh thinking.
If you're worried about how to make retirement work for you – whether that's retiring early, working a bit longer or figuring out how to make your savings last – it might be a good idea to <a href="https://www.benzinga.com/money/are-you-rich">talk to a financial advisor</a>. They can help you determine what's realistic for your situation and create a plan that gives you peace of mind.
Read Next:
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<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
<li><a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a></li>
</ul>

Billionaire BlackRock CEO Larry Fink Declares No One Should Have To Work Longer Than They Want But Says Retiring At 65 Is 'Crazy'

It seems even the mighty Guinness isn't immune to a hangover from the economic times. Diageo, the global booze behemoth, is reportedly considering selling or spinning off its iconic beer brand.
The deal could fetch a frothy $10 billion, according to <a href="https://www.bloomberg.com/news/articles/2025-01-24/diageo-is-said-to-review-drinks-portfolio-to-reignite-growth?srnd=phx-deals&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosprorata&amp;stream=top">Bloomberg</a>.
The reasons? Inflation and health concerns have joined forces to rain on the alcohol industry's parade. Rising prices are driving consumers toward cheaper alternatives, while healthcare warnings about alcohol's impact on health are leaving some reconsidering <a href="https://www.benzinga.com/government/regulations/25/01/42787400/alcohol-increases-cancer-risk-surgeon-general-warns">their drink of choice</a>.
<figure class="wp-block-image alignleft size-large"><img loading="lazy" decoding="async" width="1024" height="577" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24123850/Untitled-design203-1024x577.jpg" alt="" class="wp-image-749248" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24123850/Untitled-design203-1024x577.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24123850/Untitled-design203-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24123850/Untitled-design203-768x433.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24123850/Untitled-design203-1536x865.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24123850/Untitled-design203.jpg 1640w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: Shutterstock</figcaption></figure>
The financial toll is sobering. Diageo's shares have tumbled 10% over the past year and a staggering 27% over five years.
For now, Diageo is weighing its options: hold onto its stout heritage or let someone else take a crack at keeping Guinness flowing. One thing's for sure — if a deal goes through, it could be a toast-worthy moment for shareholders. 
<h2 class="wp-block-heading">New On The Block</h2>
<ul>
<li>23andMe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ME#NASDAQ">ME</a>) <a href="https://www.businessinsider.com/23andme-wants-sell-telehealth-business-lemonaid-2025-1">wants</a> to sell its telehealth unit, Lemonaid Health, per Business Insider. The Sunnyvale, Calif., consumer genomics company acquired Lemonaid for $400 million in 2021.</li>
<li> Italmatch, a chemicals firm, is on the block. On the sell side is Bain Capital, which <a href="https://www.bloomberg.com/news/articles/2025-01-22/bain-said-to-mull-1-5-billion-sale-of-chemicals-firm-italmatch?srnd=phx-deals">acquired</a> it in 2018. A deal could value it at €1.5 billion, Bloomberg reported.</li>
<li>Spotless Brands, a car wash operator, is considering a sale. Reuters&#8217; sources place the value at $3 billion.</li>
<li>Reuters also reported that Physician&#8217;s Choice, a maker of supplements and probiotics, is exploring a sale. The price tag is estimated to be about $500 million.</li>
</ul>
<h2 class="wp-block-heading">Updates From The Block</h2>
<ul>
<li>Billionaire Frank McCourt told <a href="https://www.axios.com/2025/01/22/mrbeast-tiktok-frank-mccourt?utm_source=twitter&amp;utm_campaign=editorial&amp;utm_medium=social&amp;stream=top">Axios</a> at Davos this week that he has spoken to YouTube star Jimmy Donaldson (aka Mr. Beast) about teaming up to buy TikTok.</li>
</ul>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Okay fine, I'll buy Tik Tok so it doesn't get banned
&mdash; MrBeast (@MrBeast) <a href="https://twitter.com/MrBeast/status/1878995330731299006?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<ul>
<li>According to <a href="https://www.bloomberg.com/news/articles/2025-01-22/brookfield-nears-950-million-purchase-of-divvy-homes?srnd=phx-deals">Bloomberg</a>, Brookfield Asset Management is looking to close a $950 million deal for Divvy Homes. Tiger Global Management and Caffeinated Capital previously valued the startup at $2 billion.</li>
<li>Also from <a href="https://www.bloomberg.com/news/articles/2025-01-22/bain-sweetens-offer-for-insignia-matching-cc-capital-s-bid?srnd=phx-deals">Bloomberg</a>: Bain Capital matched a bid from CC Capital in an effort to buy Insignia, the Australian wealth manager. The offer is around $1.9 billion.</li>
<li>HongShan Capital confirmed a deal to acquire Marshall Group, a Swedish audio equipment maker, for $1.2 billion. </li>
<li>A group of big investors may ask the courts to grant it more than the current takeover price for Endeavor Group Holdings, given a sharp rally in its most valuable asset, a majority stake in the company that owns UFC and WWE. It is also possible that Silver Lake, the tech investment firm that reached a deal to take Endeavor private in April, could boost its offer for Endeavor, which is led by CEO and Hollywood agent Ari Emanuel. The deal is expected to close in the current quarter, according to <a href="https://www.barrons.com/articles/endeavor-tko-group-silver-lake-takeover-40767787">Barron&#8217;s</a>. </li>
</ul>
<h2 class="wp-block-heading">Off The Block</h2>
<ul>
<li>Elm Company agreed to acquire Thiqah, a business services firm, from Saudi Arabia&#8217;s Public Investment Fund for $906 million, Reuters reported.</li>
</ul>
<h2 class="wp-block-heading">Bankruptcy Block</h2>
<ul>
<li>The Container Store is exiting bankruptcy with a lender-backed plan, cutting $88 million in debt, securing $40 million in fresh capital, and saving 3,800 jobs.</li>
<li>Electric vehicle maker Nikola (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) is going bankrupt. Elecktrek editor-in-chief Fred Lambert reported that "the bankruptcy filing is already in the hands of lawyers&#8221; and the Phoenix, Arizona-based company was hoping for a deal with Hyundai. It didn&#8217;t come to fruition. Also, CEO Stephen Girsky is exiting the company.</li>
</ul>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A source (a new source can&#39;t confirm but has some credibility) says Nikola CEO Stephen Girsky is out, and the bankruptcy filing is already in the hands of lawyers. More employees are being let go. I reached out to Girsky, but he didn&#39;t respond. The company has been radio silent…
&mdash; Fred Lambert (@FredericLambert) <a href="https://twitter.com/FredericLambert/status/1882450513804849600?ref_src=twsrc%5Etfw">January 23, 2025</a></blockquote>
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<h2 class="wp-block-heading">Notes From the Block</h2>
<ul>
<li>"The M&amp;A market is steadily gaining strength as sponsor activity rebounds, regulatory and monetary dynamics normalize, and corporates continue demonstrating their intention to simplify portfolios," Stephan Feldgoise, co-head of global M&amp;A at Goldman Sachs, wrote in a recent <a href="https://www.goldmansachs.com/what-we-do/investment-banking/insights/articles/2025-ma-outlook?chl=ds&amp;plt=gcm&amp;cid=32921732&amp;sit=9165268&amp;plc=413329386&amp;cre=228882050&amp;dclid=CKa_h9vsjosDFSlSRwEdO3osHw">report</a>. </li>
<li>Despite large-scale transaction volumes remaining below historical averages, the number of $10 billion-plus deals rose 26% year-over-year, the bank noted. Goldman expects to see a meaningful pickup in 2025 across sectors—namely technology, healthcare, and financials—&#8221;as regulatory concerns abate.&#8221;</li>
</ul>
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Warren Buffett, one of the top 10 richest people in the world, is famous for living simply and giving practical money advice. Despite his incredible wealth, the Oracle of Omaha doesn't believe in living extravagantly, but he's also quick to point out that <a href="https://www.benzinga.com/personal-finance/25/01/42771996/this-is-unhinged-a-reddit-user-asks-others-for-extreme-acts-of-frugality-they-witnessed-and-the-replies-are-shockingly-entertaining">extreme frugality</a> isn't for everyone.
Buffett's take on money and happiness revolves around balance. He's famously frugal, but he doesn't think you need to save every dollar or spend like crazy. Instead, he believes you should make thoughtful choices.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Warren Buffett: &quot;Who is to say whether it&#39;s better to defer a trip to Disneyland that [your family] will get enormous enjoyment out of, so that when you&#39;re 75 you can have a 30-foot boat instead of a 20-foot boat?&quot; &quot;I don&#39;t advocate extreme frugality.&quot; <a href="https://t.co/t5dS9ycyGd">pic.twitter.com/t5dS9ycyGd</a>
&mdash; Kevin Carpenter (@kejca) <a href="https://twitter.com/kejca/status/1880281429881549290?ref_src=twsrc%5Etfw">January 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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He's built his fortune by living within his means and encourages others to do the same. He's also a strong advocate for spending on meaningful experiences. As Buffett puts it, the key is living true to your values.
<h2 class="wp-block-heading">Finding the Sweet Spot</h2>
Buffett doesn't think it's always necessary to save every extra dollar. Sometimes, it's better to spend on something that brings joy to your family – like a trip to Disneyland &#8220;that they&#8217;ll get enormous enjoyment out of&#8221; – instead of deferring that expense for a slightly bigger luxury later in life, such as having &#8220;a 30-foot boat instead of a 20-foot boat&#8221; at 75.
However, he's firm that spending beyond your means can lead to serious problems. According to Buffett, living within your income is nonnegotiable, as overspending often results in financial stress that could have been avoided.
Trending: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<h2 class="wp-block-heading">Buffett's Frugal Habits</h2>
<a href="https://www.benzinga.com/news/24/05/38628868/warren-buffetts-frugal-lifestyle-hacks-saved-millions-here-are-5-tips-to-follow-suit-in-your-everyda">Buffett's life demonstrates</a> how simple, consistent choices can result in big savings. For example, he has lived <a href="https://www.benzinga.com/real-estate/24/02/37215314/warren-buffett-still-lives-in-the-home-he-bought-back-in-1958-for-31-500-its-worth-1-43-million-toda">in the same Omaha home</a> since 1958, purchased for $31,500. Instead of moving to a mansion, he's made only minor updates, calling it one of the best investments ever.&nbsp;
When it comes to meals, Buffett sticks to the basics. A simple breakfast like sausage patties and Coke or a bacon, egg and cheese biscuit – often costing just a few dollars – is enough for him. Even with billions, he doesn't splurge unnecessarily.
Buffett also believed that the best luxury is doing what you love. He says success isn't about owning a lot of stuff; it's about enjoying your life and work daily.
Another big rule for him is <a href="https://www.benzinga.com/news/24/10/41615445/mark-cuban-says-if-you-use-a-credit-card-you-dont-want-to-be-rich-why-financial-icons-warren-buffett">staying away from credit card debt</a>. Buffett thinks paying interest is like throwing money away. He believes you should only buy things you can afford and avoid debt. This idea also ties into knowing the difference between things you want and need. For example, he used a $20 flip phone until 2020 and doesn't spend money on flashy gadgets unless they're useful.
See Also: With 100+ historic trademarks including some of the high grossing characters in history, like Cinderella, Snow White and Peter Pan, <a href="https://www.benzinga.com/money/elf-labs-1">this company is transforming the $2 trillion entertainment market with patented AR, VR, and AI tech. — For a short window, investors are able to claim $2/share ($980 min).</a>
<h2 class="wp-block-heading">Balance is the Key</h2>
Buffett's advice isn't about cutting out all luxuries or hoarding every dollar. Instead, it's about balance. He recognizes that some expenses – especially those that create cherished family memories – are worth prioritizing over future upgrades that might not add as much value to your life.
Buffett believes in an "internal scorecard" – living according to your values instead of trying to keep up with your neighbors. So whether it's Disneyland today or a bigger boat tomorrow, the decision should match what matters most to you. And if you're spending within your means, either choice can be right.
As he said, &#8220;You are not a better person or a worse person because you live a different kind of life than your neighbor, you live a life that is true to yourself.&#8221;
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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Disneyland Today Or A Bigger Boat Tomorrow, Asks Warren Buffett, Saying He Practices Extreme Frugality But Doesn't Advocate It

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
Markets ended on a high note this week as investor optimism pushed stocks to record levels. The strongest performer was the Dow, advancing 2.2%, followed by gains of 1.7% in both the Nasdaq and S&amp;P 500. The latter broke through the 6,100-point barrier, setting fresh records.
At the Davos economic summit, President Donald Trump outlined his vision for American leadership in emerging technologies. His speech emphasized making the U.S. a dominant force in both AI and cryptocurrency markets, backed by <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43203274/trump-sparks-records-on-wall-street-ai-stargate-project-lifts-chipmakers-inflation-tariff-jitters-arise-this-week-in-the-market">new executive actions.</a>
The cryptocurrency market reflected this enthusiasm, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) touching a new peak at $109,000 before consolidating within a tight trading band.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/trading-ideas/movers/25/01/43128141/tech-stocks-rise-after-trump-announces-ai-infrastructure-investment">Tech Stocks Rise After Trump Announces AI Infrastructure Investment</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, reports that AI-related tech stocks, including ARM Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), surged after President Trump announced a $500 billion AI infrastructure investment called Project Stargate, with backing from OpenAI, SoftBank, and Oracle to build new data centers and create over 100,000 jobs.
&#8220;<a href="https://www.benzinga.com/25/01/43127416/anthropic-gains-big-with-google-backing-aiming-for-60-billion-valuation-and-surging-ai-revenue">Anthropic Gains Big With Google Backing, Aims for $60 Billion Valuation and Surging AI Revenue</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a> , reports that Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) has invested over $1 billion in AI startup Anthropic, intensifying competition with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), as the company&#8217;s valuation could reach $60 billion with annualized revenue hitting $1 billion.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43153205/bets-favoring-dogecoin-etf-approval-in-2025-jump-after-bitwises-delaware-filing-top-trader-paints-over-4000-upside-for-memecoin">Bets Favoring Dogecoin ETF Approval In 2025 Jump After Bitwise&#8217;s Delaware Filing—Top Trader Paints Over 4000% Upside For Memecoin</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, reports on Bitwise Asset Management&#8217;s filing for a Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) ETF in Delaware, sparking bullish forecasts with some analysts predicting a potential 4000% surge, contingent on broader market conditions and regulatory approvals.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/general/entertainment/25/01/43179371/netflix-hits-all-time-highs-could-another-stock-split-be-on-the-horizon">Netflix Hits All-Time Highs: Could Another Stock Split Be On The Horizon?</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43181109/trump-calls-for-increased-nato-military-spending-defense-contractors-stand-to-benefit">Trump Calls For Increased NATO Military Spending: Defense Contractors Stand To Benefit</a>
<a href="https://www.benzinga.com/analyst-ratings/initiation/25/01/43102452/roku-analyst-sees-25-upside-as-tv-ad-dollars-go-digital">Roku Analyst Sees 25% Upside As TV Ad Dollars Go Digital</a>
The Bears
&#8220;<a href="https://www.benzinga.com/news/global/25/01/43172806/tesla-lost-15-billion-in-brand-value-in-2024-report-says-did-elon-musks-political-push-hurt-ev-giant">Tesla Lost $15 Billion In Brand Value In 2024, Report Says: Did Elon Musk&#8217;s Political Push Hurt EV Giant?</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, reports that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) dropped in global brand rankings, with analysts attributing the decline to Elon Musk's political statements and alignment with Trump, which may have influenced consumer sentiment.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43126318/bitcoin-is-a-meme-coin-says-peter-schiff-critics-clap-back-goldbugs-are-no-different-from-bitcoin-maxis">Bitcoin Is A Meme Coin&#8217; Says Peter Schiff, Critics Clap Back: &#8216;Goldbugs Are No Different From Bitcoin Maxis&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, reports on Peter Schiff&#8217;s renewed criticism of Bitcoin as &#8220;fool&#8217;s gold&#8221; and a meme coin, lacking real monetary properties, while crypto proponents argue that gold&#8217;s value also relies on perception.
&#8220;<a href="https://www.benzinga.com/media/25/01/43107710/amazon-pauses-drone-deliveries-in-texas-arizona-after-crashes-plans-safety-upgrades">Amazon Pauses Drone Deliveries In Texas, Arizona After Crashes, Plans Safety Upgrades</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, reports that Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has temporarily halted drone deliveries in Texas and Arizona following recent crashes. The company is addressing software issues in its MK30 drone model and aims to resume operations after receiving FAA approval.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/trading-ideas/short-ideas/25/01/43173631/construction-partners-stock-cracks-under-pressure-as-short-seller-warns-of-potential-50-downside">Construction Partners Stock Cracks Under Pressure As Short Seller Warns Of Potential 50% Downside</a>
<a href="https://www.benzinga.com/25/01/43088840/donald-and-melania-trump-memecoins-crash-after-presidential-inaugurationfirst-couples-crypto-wealth-plunges-36">Donald And Melania Trump Memecoins Crash, Erode Billions In Investors&#8217; Wealth</a>
<a href="https://www.benzinga.com/markets/equities/25/01/43119243/martin-shkreli-calls-ionq-and-rigetti-best-shorts-despite-recent-stock-gains-cites-offline-quantum-systems">Martin Shkreli Calls IonQ And Rigetti &#8216;Best Shorts&#8217; Despite Recent Stock Gains, Cites Offline Quantum Systems</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
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Benzinga Bulls And Bears: Amazon, Tesla, Meta And Dogecoin ETF Hopes Rise With New Fund Filing

Four Israeli female soldiers who were held captive by Hamas for more than a year have been released. The release comes as part of a planned exchange for 200 Palestinian prisoners or detainees in Israel.
What Happened: The exchange took place&nbsp;in Gaza City on Saturday. This event marks the second such&nbsp;release since a fragile ceasefire&nbsp;came into effect last weekend, putting a temporary halt to the conflict in Gaza. Over the next six weeks, it is anticipated that more Israeli hostages and&nbsp;Palestinian prisoners will be freed, and additional aid will be allowed into the region.
According to the report <a href="https://apnews.com/article/israel-palestinians-hamas-war-news-ceasefire-hostages-01-25-2025-150674e17bd8b22f2c2c3aa4991cf061">by</a> The Associated Press, the soldiers, after their release, were handed over to the Red Cross amidst cheers from a Palestinian crowd. In Tel Aviv, relatives and friends of those killed and abducted by Hamas watched the news of the release with mixed emotions.
As part of the ceasefire agreement, Hamas fighters were stationed in central Gaza City in anticipation of the planned release. This ceasefire is a strategic move to deescalate&nbsp;the deadliest and most destructive&nbsp;war ever fought between Israel&nbsp;and Hamas.
Also Read: <a href="https://www.benzinga.com/news/global/25/01/43076662/three-hostages-cross-into-israeli-territory-after-471-days-as-ceasefire-begins">Three Hostages Cross Into Israeli Territory After 471 Days as Ceasefire Begins</a>
Israel is set to release 200 prisoners, 121 of whom are serving life sentences, as per&nbsp;a list released by Hamas.&nbsp;The four Israeli soldiers, Karina&nbsp;Ariev, Daniella Gilboa, Naama Levy, and Liri Albag, were captured in a Hamas attack on October 7, 2023.
Why It Matters: This exchange marks a significant milestone in the ongoing conflict between Israel and Hamas. The release of the soldiers and the planned release of Palestinian prisoners indicate a shift towards negotiation and diplomacy, away from the violence that has characterized the relationship between these two entities. 
The ceasefire agreement and the subsequent prisoner exchange could potentially pave the way for more constructive dialogue and peaceful resolution in the future.
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Image: Shutterstock

Global

Hamas Releases Four Female Israeli Soldiers After More Than a Year in Captivity

Despite a significant rise in market valuations and growing use cases, veteran stock picker Warren Buffett's opinions on cryptocurrencies haven't changed for the better.&nbsp;
What has changed is the perspective of certain cryptocurrency tycoons, who went from calling Buffett's stance a &#8220;big mistake&#8221; to recognizing his freedom of choice.
What happened: Back in Jan. 2018, Buffett, Chairman and CEO of Berkshire Hathaway, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42184221/warren-buffett-once-predicted-a-bad-ending-for-crypto-since-then-the-sectors-market-cap-has-quadrupled-riding-on-the-bitcoin-dogecoin-waves">earned the ire</a> of the cryptocurrency advocates by making a gloomy prediction for the asset class.
"In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending,&#8221; he said.&nbsp;
The remark drew outrage and even prompted a response from Changpeng Zhao, the founder and former CEO of cryptocurrency behemoth Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>). With a net worth of $33 billion as per <a href="https://www.forbes.com/billionaires/">Forbes</a>, CZ is the wealthiest cryptocurrency personality as of this writing.
"I do not think he understands cryptocurrencies at all. It is what it is," Zhao, popularly known as &#8220;CZ,&#8221; <a href="https://www.bloomberg.com/news/articles/2018-01-11/world-s-top-ranked-crypto-venue-added-240-000-users-in-one-hour">said </a>in a Bloomberg interview a few days later.
CZ went on to say that, while he respects Buffett&#8217;s accomplishments over the years, the &#8220;Oracle of Omaha&#8221; was making a &#8220;big mistake&#8221; when it came to cryptocurrency.
The following year, the Binance founder declined an invitation by Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) founder Justin Sun to attend a lunch date with Buffett.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43151588/cathie-wood-was-asked-if-she-would-buy-trump-coin-heres-what-she-said">Cathie Wood Was Asked If She Would Buy TRUMP Coin, Here&#8217;s What She Said</a>
While one would assume CZ would use his influence to get one of the biggest investors in history on cryptocurrency's side, this wasn't the case.
Nearly four years after he termed Buffett&#8217;s aversion to cryptocurrencies a mistake, CZ<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43023667/if-you-invested-1000-in-bitcoin-when-changpeng-cz-zhao-refused-to-convince-warren-buffett-about-investing-in-crypto-heres-how-much-youd-have-today"> said it's not "necessary" </a>for everyone to get exposure to the asset class.
&#8220;I wouldn't convince him to invest in crypto," CZ said about Buffett, invoking ideals of freedom.
Why It Matters: It remains to be seen whether Buffett&#8217;s position on cryptocurrencies will change in his lifetime. 
While he made headlines with his unpleasant remarks, the Berkshire Hathaway Chairman has made no mention of the asset class in recent years. This is despite Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the largest cryptocurrency, rising by up to 177% in the last three years.
Price Action: At the time of writing, Bitcoin was exchanging hands at $105,218.97, up 2.74% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
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Image via Shutterstock

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From He's Making A 'Big Mistake' To No Need To Convince Him, Here's How Crypto's Wealthiest Man Shifted Stance On Bitcoin Critic Warren Buffett

In a strategic pivot, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is redirecting its Prime Video efforts towards live sports content, a move aimed at achieving profitability by the end of 2025.
What Happened: Amazon.com is pivoting its Prime Video strategy towards live sports, moving away from original TV shows and movies, according <a href="https://www.theinformation.com/articles/amazons-prime-video-shifts-to-profits-promoting-rival-streamers">to</a> a report by The Information. This strategic shift is aimed at meeting internal profit targets by the end of 2025.
According to the report, Amazon is investing approximately $3 billion annually in sports content, including broadcasting rights for major leagues like the NBA and NFL. This move is part of CEO Andy Jassy&#8217;s plan to make Prime Video profitable.
The focus on live sports is driven by the potential for targeted advertising opportunities during real-time viewership.
In July, Amazon, alongside Walt Disney Co. and Comcast Corp., secured an 11-year deal valued at $77 billion to broadcast NBA games. The company has also started integrating ads within its Prime Video platform to enhance revenue streams.
The report highlights that after a 2022 planning meeting, Amazon&#8217;s entertainment team has reduced the commissioning of new film and TV projects. For 2024, the company&#8217;s budget for original and licensed content, including live sports was around $7 billion.
Why It Matters: This shift towards live sports is part of Amazon&#8217;s broader strategy to capitalize on the lucrative sports market. In August 2024, <a href="https://www.benzinga.com/general/entertainment/24/08/40578594/travis-kelce-jason-kelce-sign-100m-podcast-deal-with-amazon-ecommerce-giant-bets-big-on-nfl">Amazon</a> signed a $100 million deal with the Kelce brothers for their popular sports podcast, further embedding itself in the NFL ecosystem.
This aligns with CEO Andy Jassy&#8217;s vision to keep advertising minimal compared to competitors like Netflix and YouTube, as noted in an <a href="https://www.benzinga.com/general/entertainment/24/08/40127469/amazon-ceo-says-while-ads-have-become-a-norm-prime-video-intends-to-have-meaningfully-fewer">August statement</a>.
Additionally, Amazon&#8217;s introduction of an ad-supported version of Prime Video has disrupted the streaming ad market, compelling rivals like Netflix to adjust their ad pricing strategies, as reported in <a href="https://www.benzinga.com/general/entertainment/24/06/39330119/how-amazon-prime-videos-ad-supported-version-reportedly-disrupted-netflix-youtube-and-tv-ne">June 2024</a>. This strategic focus on live sports and innovative advertising models is part of Amazon&#8217;s efforts to enhance its competitive edge and profitability in the streaming industry.
Check out more of Benzinga's Consumer Tech coverage by<a href="https://www.benzinga.com/topic/consumer-tech"> following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Amazon Prime Video Shifts Focus To Live Sports, Looks To Become Profitable By End Of 2025

In a significant move, Epic Games is expanding its mobile game store to include nearly 20 third-party games on Android worldwide and iOS within the European Union.
This expansion is accompanied by the launch of a free games program on mobile platforms.
What Happened: To incentivize developers to participate in its free games program on iOS, Epic will cover the Core Technology Fee (CTF) for one year, according to a report <a href="https://www.theverge.com/2025/1/23/24349542/epic-games-third-party-developers-apple-google-europe">by</a> The Verge. This fee, amounting to €0.50 per install, applies to iOS apps using third-party stores after exceeding 1 million annual downloads.
Epic has criticized the CTF as a hindrance to competition.
Tim Sweeney, CEO of Epic Games, emphasized the company&#8217;s ambition to establish a unified, cross-platform store. He stated, "Our aim here isn't just to launch a bunch of different stores in different places, but to build a single, cross-platform store."
The iOS Epic Games Store is currently operational only in the EU, facilitated by the Digital Markets Act (DMA), which requires Apple Inc. to open its ecosystem. Epic is hopeful that the European Commission will scrutinize Apple&#8217;s adherence to the DMA.
Epic has encountered obstacles in the U.S., including a prominent lawsuit against Apple in 2020. Sweeney remains hopeful about achieving app store freedom, particularly in Europe, through strong enforcement of the DMA.
Why It Matters: The expansion of Epic&#8217;s mobile store comes amid a prolonged legal battle with tech giants Apple and Alphabet. <a href="https://www.benzinga.com/media/25/01/43183396/epic-games-ceo-tim-sweeney-prepared-to-spend-billions-for-decades-fighting-apple-google-monopolies-we-think-our-best-days-are-ahead">Tim Sweeney</a> has expressed his readiness to continue this fight for decades if necessary, highlighting the company&#8217;s commitment to challenging what it perceives as monopolistic practices.
In October 2024, a federal judge granted Google temporary relief in an antitrust lawsuit filed by Epic, allowing the Play Store to remain closed to competitors for the time being. This legal struggle underscores the ongoing tension between Epic and major tech companies over app store restrictions.
Epic&#8217;s financial stability was reaffirmed by Sweeney in October 2024, following significant layoffs and strategic divestitures. Despite these challenges, Epic continues to push for a more open and competitive app store environment, particularly in Europe, where the DMA provides a legal framework for such efforts.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Epic Games Expands Mobile Store, Launches Free Games Program: To Cover iOS Developer Fees

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has had a <a href="https://www.benzinga.com/markets/equities/25/01/43150661/apples-510-billion-market-cap-drop-opens-door-for-nvidia-to-reclaim-worlds-largest-company-title-amid-iphone-makers-china-struggles">turbulent beginning to 2025,</a> with its shares approaching a significant level that could signal further losses if breached, according to analysts. 
What Happened: Since the start of the year, the tech behemoth&#8217;s stock has plummeted by 11%, making it the weakest&nbsp;performer in the &#8216;Magnificent 7&#8217;&nbsp;group. This downturn is in stark contrast to the S&amp;P 500, which has seen a 4% gain, reaching a new record high.
Apple is experiencing its most challenging beginning of the year since 2008. The stock&#8217;s drop has brought it near the 200-day moving average, a critical technical indicator seen by many traders as a long-term support level.
&#8220;When&nbsp;you get names starting to&nbsp;flirt with it or start&nbsp;to break below it, you&nbsp;kind of lose confidence that&nbsp;the uptrend of that name&nbsp;is still intact,&#8221; Todd Sohn, an ETF&nbsp;and technical strategist at Strategas&nbsp;Securities LLC, <a href="https://www.bloomberg.com/news/articles/2025-01-24/apple-aapl-shares-test-key-technical-level-amid-worst-start-since-2008">told</a> Bloomberg.
See Also: <a href="https://www.benzinga.com/tech/25/01/43214225/apple-co-founder-steve-jobs-in-1981-said-homes-werent-ready-for-personal-computers-three-years-later-cupertino-launched-the-macintosh-and-made-history">Apple Co-Founder Steve Jobs In 1981 Said Homes Weren&#8217;t Ready For Personal Computers — Three Years Later, Cupertino Launched The Macintosh And Made History</a>
Why It Matters: Apple&#8217;s position is now precarious. Until recently, it was the world's most valuable company and had the largest weighting in the S&amp;P 500 Index. However, amid its decline, <a href="https://www.benzinga.com/markets/equities/24/10/41551461/nvidia-overtakes-apple-as-worlds-most-valuable-company-again">Nvidia has now overtaken Apple</a> in market value.
Despite Apple&#8217;s selloff, the S&amp;P 500 has continued to rally. However, if other major tech stocks start to decline, it could signal trouble for the bull market, now in its third year. "It definitely has the potential to create some more risk for those major indices. If we see that downside follow-through that we're anticipating, that makes it more challenging, of course, for those indices to shrug it off," said Katie Stockton, managing partner and founder of Fairlead Strategies LLC
Apple is scheduled to release its quarterly earnings on January 30, after market close, an event that investors are closely watching.&nbsp;Despite the stock&#8217;s current performance, analysts remain optimistic about Apple&#8217;s future.&nbsp;Laura Martin, an analyst at Needham, believes that Apple&#8217;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/43110913/apples-iphone-dependence-remains-but-services-wearables-offer-growth-potential-analyst">dependence on the iPhone</a>&nbsp;remains, but services and wearables offer growth potential. Additionally,&nbsp;Wamsi Mohan&nbsp;of Bank of America Securities predicts that Apple&#8217;s&nbsp;<a href="https://www.benzinga.com/25/01/43198886/apples-q1-earnings-might-not-miss-a-beat-even-as-iphone-sales-stumble-analyst">Q1 earnings</a>&nbsp;might not miss a beat, despite a softer iPhone cycle.
Earlier this week, President Donald Trump announced that Apple was planning a <a href="https://www.benzinga.com/markets/equities/25/01/43079785/trump-announces-apple-plans-massive-investment-in-the-us-following-discussion-with-ceo-tim-cook">&#8220;massive investment&#8221;</a> in the United States. This was part of Trump&#8217;s initiative to accelerate major corporate investments in the U.S.
Price Action: Apple shares ended 0.39% lower on Friday. Year-to-date the company&#8217;s shares lost 8.64%, as <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">reported by Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Apple Stock Nears Critical Level Amid Worst Start To The Year Since 2008: 'When You Get Names Starting To Flirt With It...You Kind Of Lose Confidence'

In what has emerged as the largest healthcare data breach in the U.S., the UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) cyberattack last year compromised the personal data of 190 million Americans.
The <a href="https://www.benzinga.com/news/large-cap/24/02/37284799/whats-going-on-with-uanitedhealth-stock-friday">breach</a>, which occurred in February 2024, caused widespread disruption in the U.S. healthcare system and <a href="https://www.benzinga.com/news/large-cap/24/04/38388554/patient-data-compromised-unitedhealth-group-admits-ransom-payment-in-cyberattack">delayed</a> billions of dollars in payments to medical providers.
What Happened: The largest health insurer in the U.S. stated that there is no evidence of misuse of the exposed data or unauthorized access to electronic medical records.
UnitedHealth has informed most affected individuals about the breach. The final impact figures will be submitted to the U.S. Department of Health and Human Services' Office for Civil Rights.
The incident has sparked a Congressional inquiry, raising concerns about the risks of concentrating medical data within UnitedHealth.
Why It Matters: The cyberattack on UnitedHealth has had far-reaching consequences. In March 2024, the company<a href="https://www.benzinga.com/news/large-cap/24/03/37989390/unitedhealths-cyberattack-company-provides-aid-of-over-3b-to-affected-providers"> disclosed</a> that it had provided over $3.3 billion in advance payments to healthcare providers affected by the attack on its subsidiary, Change Healthcare.
This platform processes about 50% of U.S. medical claims, impacting nearly 900,000 physicians and numerous healthcare facilities. More than 40% of the aid was directed to safety net hospitals and health centers serving high-risk communities.
In April 2024, UnitedHealth <a href="https://www.benzinga.com/news/large-cap/24/04/38388554/patient-data-compromised-unitedhealth-group-admits-ransom-payment-in-cyberattack">admitted</a> to paying a ransom to cybercriminals following the attack, highlighting the severity of the breach. The company has been working with law enforcement and cybersecurity experts to investigate the incident.
In May 2024, UnitedHealth CEO Andrew Witty <a href="https://www.benzinga.com/government/24/05/38563578/us-senate-grills-unitedhealth-ceo-over-cyberattack-fallout-ransom-payment">assured</a> a U.S. Senate panel that the company&#8217;s issues did not pose a systemic risk to the broader economy. Senators had raised concerns about the potential impact of the cyberattack on patients and healthcare providers.
In December 2024, the Nebraska Attorney General <a href="https://www.benzinga.com/general/health-care/24/12/42621731/nebraska-attorney-general-sues-unitedhealth-over-massive-data-breach-that-disrupted-healthcare">filed</a> a lawsuit against UnitedHealth and its subsidiaries, alleging violations of consumer protection laws following the breach, which affected 575,000 Nebraskans.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

UnitedHealth Cyberattack Exposed Personal Data Of 190 Million Americans

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has taken a major step to strengthen its AI and Siri capabilities by making a notable leadership change. The company has appointed Kim Vorrath, a veteran executive with years of experience at Apple, as a senior leader in its artificial intelligence and machine learning division.
What Happened: Vorrath, who played a pivotal role in the launch of Vision Pro software, will now work closely with AI chief John Giannandrea, <a href="https://www.bloomberg.com/news/articles/2025-01-24/apple-enlists-company-veteran-kim-vorrath-to-help-fix-ai-and-siri?srnd=undefined">reported</a> Bloomberg on Friday. This move is seen as Apple&#8217;s effort to infuse more rigor into its AI development, indicating the company&#8217;s recognition of AI&#8217;s significance for its future.
Apple showcased its AI advancements at last year's WWDC, but they have yet to achieve the impact of rivals like OpenAI's ChatGPT or Google's Gemini. While the company has been steadily expanding its AI initiatives, a significant Siri upgrade is anticipated with iOS 18.4. However, its AI-powered news notification summaries, launched earlier, will be paused in iOS 18.3 following criticism over their lack of accuracy.
See Also: <a href="https://www.benzinga.com/25/01/43214849/mark-zuckerbergs-65-billion-bet-benefits-nvidia-and-other-ai-players-top-analyst-warns-the-run-will-end-in-a-spectacular-bubble-burst">Mark Zuckerberg&#8217;s $65 Billion AI Bet Benefits Nvidia And Other Players, Says Top Analyst, But Warns Market Bull Run Will &#8216;End In A Spectacular Bubble Burst&#8217;</a>
Apple's decision to bring Vorrath, a seasoned executive with a legacy that includes contributions to the original iPhone software team, into the AI division signals a strategic shift in focus. According to the report, the AI team is now prioritizing the overhaul of Siri's core infrastructure and the refinement of Apple's in-house AI models.
Why It Matters: Apple&#8217;s AI advancements are being closely watched, especially in light of the company&#8217;s recent challenges in the Chinese market. JPMorgan analyst Samik Chatterjee sees currency woes, China struggles, and lukewarm AI adoption as hurdles for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43097512/apples-ai-advances-cant-offset-chinese-market-slowdown-says-analyst">Apple&#8217;s upcoming earnings.</a> The company&#8217;s grip on China is weakening, and with Beijing&#8217;s push to boost domestic brands, Apple is losing its competitive edge in a critical growth market.
Earlier this month, Apple pledged to <a href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries">improve its AI feature</a> after a complaint from the BBC. The company admitted that its AI-generated news summaries on iPhones had been inaccurate.
In November 2024, <a href="https://www.benzinga.com/news/24/11/41773589/apple-signals-profit-risks-in-ai-and-vr-shift-what-it-means-for-investors">Apple cautioned investors </a>about potential profit risks tied to its emerging technologies, noting that these innovations might not deliver the same revenue or profit margins as its flagship iPhone lineup.
Price Action:&nbsp;Apple shares ended 0.39% lower on Friday. Year-to-date the company's shares lost 8.64%, as&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">reported by Benzinga Pro</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Apple Shakes Up AI Division, Taps Veteran Kim Vorrath To Bolster Siri

A prominent&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) analyst on Friday contradicted earlier rumors about the&nbsp;iPhone 17&#8216;s Dynamic Island, suggesting that it will remain largely unchanged.
What Happened: Apple analyst Ming-Chi Kuo, in a post on X revealed that the size of the Dynamic Island will stay &#8220;largely unchanged&#8221; in the iPhone 17 lineup.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">預期2H25 iPhone 17系列的動態島大小幾乎沒什改變 I expect the Dynamic Island size to remain largely unchanged across the 2H25 iPhone 17 series
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1882836782217310496?ref_src=twsrc%5Etfw">January 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/01/43200809/openais-sam-altman-flip-flops-on-trump-after-500-billion-stargate-ai-project-says-i-wish-i-had-done" target="_blank" rel="noreferrer noopener">OpenAI's Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says ‘I Wish I Had Done More Of My Own Thinking'</a>
This information contradicts previous speculations of a design modification for the iPhone 17 models. Analyst Jeff Pu had earlier hinted that&nbsp;Apple might incorporate a &#8220;metalens&#8221;&nbsp;for Face ID on the&nbsp;iPhone 17 Pro, leading to a &#8220;much narrowed&#8221; Dynamic Island.
Why It Matters: While rumors continue to circulate about a smaller cutout to increase screen space, it remains unclear if Apple will implement this hardware change. However, reports suggest that Apple is planning other design updates for the iPhone 17 lineup.
The iPhone 17 series is rumored to feature an upgraded display technology, <a href="https://www.benzinga.com/tech/24/12/42736353/iphone-17-to-get-display-upgrade-as-apple-finally-ditches-60hz-technology-new-leak-reiterates-possibility">with a possible 120Hz ProMotion rate</a>, a feature previously exclusive to Pro models. 
Meanwhile, despite rumors of a radical horizontal camera layout, the iPhone 17 Pro could retain its distinctive &#8220;triangular&#8221; camera design, <a href="https://www.benzinga.com/24/12/42666163/iphone-17-pro-could-retain-iconic-triangular-camera-design-despite-rumors-of-a-radical-horizontal-layout">as per a&nbsp;report&nbsp;by MacRumors.</a>
iPhone sales continue to make up roughly half of Apple's total revenue. In October, the company reported fiscal fourth-<a href="https://www.benzinga.com/news/earnings/24/10/41666494/apple-q4-earnings-revenue-beat-eps-beat-installed-base-hits-new-highs-iphone-sales-rise-as-apple-in">quarter revenue of $94.9 billion</a>, exceeding analyst expectations of $94.56 billion. iPhone sales alone totaled $46.22 billion, an increase from $43.8 billion in the previous year.
Price Action:&nbsp;Apple shares ended 0.39% lower on Friday. Year-to-date the company's shares lost 8.64%, as&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">reported by Benzinga Pro</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Apple

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